Geneva, June 9.
The gold standard remains the best available monetary mechanism and is capable of achieving most. of the advantages claimed for alternative standards, is the opening ex-Dressed in the Anal report of the old delegation appointed by the League of Nations in 1929.
In its report, the delegation declares that apart from considerations distribution. the. world's gold Stocks are adequate to support the credit. structure and that the Fapi cline of prices of recent years hot attributable to a deficiency in the gold. supply. A Raising the present price levels, which is admittedly desirable, does of depend on monetary policy alone, goes on, Nevertheless, (it say's) the Central banks ought to encourage freer use of credit and also Feduce Yerogmised reserve ratios. here is adalition to this majority report and also by the whole British section of the delegation.
This minority report asserts that int cause of the breaking, down of the gold standard was mal. administration of monetary gold reserves beginning in 1929.
Both minority and majority re-Ports agree on practical remedies, namely, the early settlement of ternational debts and serious mitig: tion of the restraints on international trade,—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.